28 January 2013 03:30 [Source: ICIS news]
SINGAPORE (ICIS)--Yanbu National Petrochemical Co (Yansab) has resumed normal operations at its ethylene glycol (EG) plant in Saudi Arabia after the unit had undergone maintenance and repairs for more than two months, the Saudi producer said over the weekend.
The plant’s maintenance, which started on 25 November 2012, was completed on 25 January 2013, Yansab said in a filing to the Saudi Stock Exchange.
The EG plant has a 770,000 tonne/year capacity, according to ICIS data.
“The financial impact of this temporary shutdown will appear in the financial results for the first quarter of 2013,” Yansab said.
The company is “improving its operational performance and selling of surplus ethylene” to minimize the impact of the EG plant’s shutdown on its earnings, it said.
Saudi Arabia’s petrochemical giant SABIC owns 51% of Yansab, which has a 1.3m tonne/year cracker in Yanbu and operates other downstream units that produce ethylene oxide, polyethylene, polypropylene and aromatics at the site.
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